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Dec 3, 2012
12/12
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debt. he's here to explain how he did it. >> and the stock that just raised almost $14 million in new funding. you want to know the name of the company. we're back in two. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> greece is starting a two-week process by where it will spend billions buying back its own debt at a huge discount and then canceling it. it's part of a debt reduction plan agreed by finance ministers to cut the debt burden for greece and there are a few seizing the opportunity from greece's crumbling economy and we have the ceo of graylock capital. welcome to the program. you are on record in the spring saying this was the trade of the year. going now and buy
debt. he's here to explain how he did it. >> and the stock that just raised almost $14 million in new funding. you want to know the name of the company. we're back in two. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex...
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Dec 13, 2012
12/12
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bush, the unlimited ability to raise the debt limit? >> they're talking about doing it now. >> i know they're talking about doing it now. do you think there's any chance that senator reid or then-senator obama would have done that? zero. congress is never going to give up our ability to control the purse. and the fact is, the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> last question. >> mr. speaker, last week the supreme court reviewed the defense of marriage act. as you know, house republicans are in defense of that law. there was a $1.5 million cost cap outside counsel to fund that, but according to house democrats, that cost cap has decreased. do you is not the idea of raising that to pay for it? >> if the justice department is not going to enforce the law of the land, the congress will. thank you all. >> there's house speaker john boehner walking off the podium after handling a number of questions. what he seemed to underscore is the fact that there has not been much progress made. he said it is clear t
bush, the unlimited ability to raise the debt limit? >> they're talking about doing it now. >> i know they're talking about doing it now. do you think there's any chance that senator reid or then-senator obama would have done that? zero. congress is never going to give up our ability to control the purse. and the fact is, the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> last question. >> mr. speaker, last week the supreme court reviewed the...
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Dec 11, 2012
12/12
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bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this means. i think it would be damaging to a process that has been basically as it was in '11, a pretty quiet going process kept in secret if all the sudden this becomes anything but that process. i think a very public negotiation does not help getting this done. in what is a relatively very short period to sort of
bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon....
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Dec 10, 2012
12/12
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the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it
the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in...
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Dec 20, 2012
12/12
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obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you sense there is a framework for a deal to be done. we hope partisanship doesn't torpedo the entire series of conversations but it feels like the two sides are close enough that there ought to be a deal that can be cut. >> so the detour that we've taken over the past 48 hours with regard to plan b, is that a political tool or do you believe that is actually a road that leadership wants to go down if they have to ? >> i think everything at this point is a political tool. i think both sides should want a deal. investors want a deal. the american public wants a deal. folks
obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you...
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Dec 27, 2012
12/12
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obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are going to have to come to a deal behind closed doors and announce it publicly, it is going to have to survive the vetting it gets publicly and then it's going to have the votes in both the house and the senate, which are very different bodies, one controlled by republican, the other controlled by democrats and that's going to be a very dicy thing to do but it's going to be a moment of high drama if we get a between now and monday. >> his point about proceed yours is a good one. the president spoke to the business roundtable the other day as you recall, eamon, even if you got
obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are...
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Dec 17, 2012
12/12
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take a look at how that compares to where barack obama has stood so far. he's saying he wants to raise tax rates at above 250,000 in income and he's looking for $1.4 trillion in new tax revenue. that's about 0.4 trillion higher than the speaker as of right now. and he's looking for a near permanent extension of the debt ceiling. he'd like to get rid of that problem altogether. so, right there, carl, you can get a sense that they're not all that far apart. there is still some distance to be bridged here. if you talk to people in washington today, as i've been doing, they don't get a sense that a deal is imminent, you know, in the next 24 to 48 hours but we are definitely inching that way in this new offer from speaker boehner is encouraging to those who would like to see a deal here, carl. >> eamon just mechanically say they came out arm in arm so to speak in the next few days. could the wheels get something on paper in time for us to get this done before year end? >> they might be able to get it done before year end or what they might be able to do is sort
take a look at how that compares to where barack obama has stood so far. he's saying he wants to raise tax rates at above 250,000 in income and he's looking for $1.4 trillion in new tax revenue. that's about 0.4 trillion higher than the speaker as of right now. and he's looking for a near permanent extension of the debt ceiling. he'd like to get rid of that problem altogether. so, right there, carl, you can get a sense that they're not all that far apart. there is still some distance to be...
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Dec 5, 2012
12/12
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under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for later on. >> fuel line inspections being ordered for boeing 787 dreamliner. phil lebeau has more on this story. >> a rough day yesterday if you are tracking what's happening with the dreamliner. one of two important stories that broke yesterd
under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small...
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Nov 16, 2012
11/12
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. >> over president barack obama's first term, the federal debt to gdp ratio increased over 19% and is projected to increase over 20% by the end of his second term. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> i have said he's wandering the earth and what can he do? he can't murder you. he can't burn your house. only thing can he do is defeat you for re-election and that means more to you than your country, you shouldn't even be in congres
. >> over president barack obama's first term, the federal debt to gdp ratio increased over 19% and is projected to increase over 20% by the end of his second term. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country,...
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Sep 11, 2012
09/12
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>> you cannot fix our long term debt situation without affecting medicare and medicaid. medicare and medicaid combined are going to consume all the revenue in 20 years. that's how fast the programs are growing. but the idea of a simpson bowles formula makes sense to me. that is republicans would generate new revenue not by raising taxes, by limiting deductions and exemptions and democrats would agree to entitlement reform and we all agree to discretionary spending caps. that's the magic formula and health care is the big driver of the debt. so that's what i'm looking for is both parties giving. i want more revenue not from higher tax rates but by eliminating deductions and loopholes and flattening the tax rates and flatten the tax code. >> it should be a very, very engaging season. >> you should be on the panel. you should be in the debate. >> oh, i'll tell what you, i certainly would ask tough questions about the economy. thank you, senator. carl, back to you. >> all right. rick, thanks a lot. just a few moments left in europe's trading day. we'll get the close and the
>> you cannot fix our long term debt situation without affecting medicare and medicaid. medicare and medicaid combined are going to consume all the revenue in 20 years. that's how fast the programs are growing. but the idea of a simpson bowles formula makes sense to me. that is republicans would generate new revenue not by raising taxes, by limiting deductions and exemptions and democrats would agree to entitlement reform and we all agree to discretionary spending caps. that's the magic...
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Nov 7, 2012
11/12
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coming up next, we'll talk with steven rattner, a member of the fix the debt campaign. later, an exclusionive with randall stevenson from at&t. dow down 217 points. this is a 1.6% decline on s&p and the dow. nasdaq is down by 1.6%. much more "squawk on the street" straight ahead. for 30 some years at manyuperit different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. >>> dow is down 235. s&p down 25. 1,402. people are talking about near term support around 1,399. we'll see. in the meantime, mitt romney referencing partisanship in his concession speech as president obama has the challenge of bringing togethe
coming up next, we'll talk with steven rattner, a member of the fix the debt campaign. later, an exclusionive with randall stevenson from at&t. dow down 217 points. this is a 1.6% decline on s&p and the dow. nasdaq is down by 1.6%. much more "squawk on the street" straight ahead. for 30 some years at manyuperit different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing...
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Dec 24, 2012
12/12
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ceiling after the inauguration as their best chance of pushing president obama and democrats for more budget cuts. >> the big chance for a big deal is that the debt ceiling -- that is when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> as a practical matter no matter what congress and the white house do before the end of the year it is already too late for most employers to accurately withhold taxes from the january pay checks unless there is no change so workers will feel immediately for example that 2% hike in social security taxes in those first january pay checks. carl? >> i hate to work in an accounts payable department over the next couple weeks, hampton. it is going to be kind of nutty. thanks so much. hampton pearson in washington. procrastinators across the country are hitting the malls today to take advantage of the last-minute sales. find out which retailers are going to benefit the most. but first, rick santelli is working on something for a little later on. rick? >> and probably about a dozen minut
ceiling after the inauguration as their best chance of pushing president obama and democrats for more budget cuts. >> the big chance for a big deal is that the debt ceiling -- that is when we'll have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> as a practical matter no matter what congress and the white house do before the end of the year it is already too late for most employers to accurately withhold taxes from the...
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Feb 3, 2012
02/12
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you've got another debt limit at the same time coming up and obama care going into effect. that is an uncertainty. that is why you have the highest from the last 50 years more money corporations are holding than any other time. we need to unshackle that and unleash that. that is the greatest stimulus you could have without $1 being borrowed by government. that is an ability to continue to create private sector jobs. >> congressman, can i just briefly touch if possible on where we are externally with the foreign affairs? we've had overnight iran now launching its first domestically built satellite into orbit and it is clear israel's defense minister is very worried that they're rapidly varying their nuclear ability deep in the ground where it cannot be hit by a strike from above. if tel aviv does launch a surprise attack on iran, what should the united states response be? should they get involved in any military aggression between iran and israel? >> i think america being a world leader should make sure that never has to happen. so first and foremost we should make sure iran
you've got another debt limit at the same time coming up and obama care going into effect. that is an uncertainty. that is why you have the highest from the last 50 years more money corporations are holding than any other time. we need to unshackle that and unleash that. that is the greatest stimulus you could have without $1 being borrowed by government. that is an ability to continue to create private sector jobs. >> congressman, can i just briefly touch if possible on where we are...
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Jul 12, 2012
07/12
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slow downs whether shutting down the government or debt ceiling we managed to fix it. >> at the end of the bay, boehner and obama could not come to a grand bargain and kicked the can down the road when it comes to this key issue so we'll have a cutting that just takes effect as you well know. what gives the confidence that our political leaders can reach a real agreement? >> they always have in the past. and i think that one of the reasons it will be different this time is let's take a scenario that obama is re-elected. ep has more leverage. boehner goes back to his caucus and says this is a president that's going to basically extract more from us than the last time. i think that crates a dynamic for cooperation. i don't want to minimize this threat. the economy this year faces a lot of headwinds. the main point we're trying to make is if you look beneath the surface great stuff is going on. ten years from now you can be very bullish about the american economy because of the great reforms and changes going on with the private-sector not the problems here in washington. >> you make a ke
slow downs whether shutting down the government or debt ceiling we managed to fix it. >> at the end of the bay, boehner and obama could not come to a grand bargain and kicked the can down the road when it comes to this key issue so we'll have a cutting that just takes effect as you well know. what gives the confidence that our political leaders can reach a real agreement? >> they always have in the past. and i think that one of the reasons it will be different this time is let's...